Analyst Ratings for Consolidated Edison Inc. (ED)

Updated: 2017-07-28

Analysts covering Consolidated Edison Inc. (NYSE:ED) have given it a consensus rating of Underweight. ED had previously received a consensus rating of Underweight a month ago.

A buy rating was issued by 0 analysts, 0 issued an overweight rating, 10 gave a hold rating, 1 issued an underweight rating, and 6 gave a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 2.

Many analysts weighed in on price targets for ED. The most optimistic price target was 83.5, implying a possible profit of 1.36 percent. The lowest price target was 65, which equates to a potential downside of -21.1 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 1.69 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -0.81 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.37 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -0.12 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. Over the same time period, 1 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of ED to grow at a rate of -6.27 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of ED is -3.03.

ED has a 52-week high of 85.13 and a 52-week low of 68.76. The current market price is above the trailing year's low by 19.81 percent, and below the high by 3.23 percent. ED has a price/earnings ratio of 19. Investors typically compare the P/E ratio to a company's peers in the industry. The ED value stock report compares ED to some of its peers using value stock charts. The market cap of ED is $25.13 billion. ED's next earnings release will be on 0000-00-00, which is days away.